IMARC Group’s latest report, titled “Adhesives and Sealants Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on adhesives and sealants market analysis. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global adhesives and sealants market size reached US$ 66.4 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 99.5 Billion by 2032, exhibiting a growth rate (CAGR) of 4.5% during 2024-2032.
Adhesives and sealants are crucial materials used in various industries and applications, renowned for their ability to bond and seal surfaces together. Adhesives are substances that bind two surfaces together, while sealants are utilized to prevent the passage of fluids or gases through joints or openings. Manufactured through a meticulous process involving blending various chemicals, adhesives and sealants can be categorized based on their chemical composition, curing mechanism, and intended application. The importance of adhesives and sealants lies in their ability to provide durable and reliable bonding and sealing solutions, contributing to increased efficiency, safety, and performance in diverse industries.
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Market Trends:
The global market is primarily driven by the augmenting demand for these materials in construction and infrastructure development projects worldwide. Additionally, the flourishing automotive industry’s adoption of adhesives and sealants for lightweight vehicle manufacturing, enhanced fuel efficiency, and improved aesthetics is fueling market growth. Moreover, the rise in environmental awareness is fostering the development and adoption of eco-friendly adhesives and sealants with reduced volatile organic compounds (VOCs), aligning with stringent regulatory standards is creating a positive market outlook. Furthermore, the growing trend of automation and technological advancements in manufacturing processes is driving the demand for high-performance adhesives and sealants capable of withstanding harsh operating conditions is impelling market growth. In line with this, the increasing focus on research and development activities aimed at enhancing the performance and versatility of adhesives and sealants for emerging applications, such as medical devices, flexible electronics, and 3D printing, is expected to fuel market growth.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
- 3M Company
- Arkema S.A
- Ashland Global Specialty Chemicals Inc.
- Avery Dennison Corporation
- Beardow & Adams (Adhesives) Limited
- Eastman Chemical Company
- B. Fuller Company
- Henkel AG & Co. KGaA
- Sika AG
- Wacker Chemie AG
Adhesives and Sealants Market Segmentation:
Our report has categorized the market based on region, adhesive type, sealant type, technology and application.
Breakup by Adhesive Type:
- Acrylic
- PVA
- Polyurethanes
- Styrenic Block Copolymers
- Epoxy
- EVA
- Others
Breakup by Sealant Type:
- Acrylic
- Silicone
- Polyurethane
- Butyl
- Others
Breakup by Technology:
- Water-Based
- Solvent-Based
- Hot Melt
- Reactive
- Others
Breakup by Application:
- Paperboard and Packaging
- Building and Construction
- Transportation
- Leather and Footwear
- Furniture
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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